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Momofuku Ando was born as Go Pek-Hok and his family was originally from Taiwan. Ando and Nissin are a prime example of why immigration is so important to a coun
by chaostheory 2y ago
Momofuku Ando was born as Go Pek-Hok and his family was originally from Taiwan. Ando and Nissin are a prime example of why immigration is so important to a country’s business sector.
Immigrants are 60-80% more likely to start businesses. This is due to various factors. While discrimination and lack of opportunity might be a factor, it’s more likely because immigrants tend to be less risk averse as a group. Why? There’s no definitive answer. What we do know is that historically, even in times of famine or war, only 20% or less of a country’s population leave which is seen as risky behavior.
https://hbr.org/2021/08/research-why-immigrants-are-more-likely-to-become-entrepreneurs https://hbr.org/2021/08/research-why-immigrants-are-more-lik...
https://www.immigration.ca/study-explains-why-immigrants-are-more-likely-to-become-entrepreneurs/ https://www.immigration.ca/study-explains-why-immigrants-are...
- brandall10 2y ago"Why? There’s no definitive answer." I'd argue act of immigrating itself is risky behavior, so naturally that would be a less risk averse group.
- steve1977 2y agoI wonder how much of that is reflected in the differences between the USA and for example Europe (where the USA for a long time was mostly European immigrants)